Boris Johnson on Monday abandoned a plan to cut Britain’s corporate tax rate from 19 per cent to 17 per cent and said he would spend the money saved on public services. It is also obscene that these billionaires are buying access and tax breaks to Boris Johnson’s Conservative Party. Until now, Conservatives have consistently argued that cutting the corporate tax rate would bring in higher tax receipts because it would generate more economic activity. I hope you won’t mind if I also announce today that we are postponing further cuts in corporation tax,” Mr Johnson said. ”Mr Johnson and Mr Corbyn will face one another on Tuesday evening in Manchester in the first leaders’ debate of the campaign, broadcast on ITV at 8pm.

Source: The Irish Times November 18, 2019 22:30 UTC